310 W 56th St #7C, Manhattan, NY, 10019 | 8.27% Rental Yield

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310 W 56th St #7C, Manhattan, NY, 10019 | 8.27% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Manhattan at 310 W 56th St #7C, Manhattan, NY, 10019 listed at $385,000 pairs $2,653/mo rent with a $1,884/mo payment. Total monthly income runs $2,653/mo. Return on cash invested measures 9.06% in year one, and rental yield registers 8.27% at a $385,000 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,368 by year five. Five-year ROI tracks 49.54% and total cumulative return in cash totals $63,226. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,653/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1964

N/A lot

$N/A/sqft

$1,236 monthly HOA

More details about the property

A sunny corner studio with ample closet space, situated across from the Norman Forster-designed Hearst Tower. Upon entering, the foyer boasts a large closet and opens up to full-width, north-facing windows spanning 12 feet. The original hardwood floors are in good condition. The bathroom is spacious and offers further closet space. 310 West 56th Street is amid-century co-op built in 1964, offering storage on the service level, a recently renovated ground-floor facade and updated laundry room. The excellent staff including a live-in super, 24-hour doorman, and maintenance personnel. The co-op allows pied-a-terre and guarantor purchases. (Parents may purchase for their children.) Additionally, foreign ownership, gifting, co-purchasing, and unlimited subletting (after two years of ownership) are permitted. There is no flip tax. In the center of the Columbus Circle neighborhood, 310 West 56th Street is near Carnegie Hall, Central Park, the Hearst Building, The Shops at Columbus Circle, Nordstrom, and some of the finest restaurants in Manhattan. Eight subway lines are within a two-block radius, and other transportation is very convenient.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10019, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	35,231 (100%)
Owner Occupied HU	4,717 (13.4%)
Renter Occupied HU	24,438 (69.4%)
Vacant Housing Units	6,076 (17.2%)
Median Home Value	$962,650
Average Home Value	$1,201,466